SAIC TARGETS MARKETS WITH FRONT PORCH DIGITAL MEDIA CONVERSION TECHNOLOGY.Science Applications International Corporation (SAIC SAIC - http://saic.com. ) of San Diego, CA - one of the largest systems integration companies in the world - will utilize Front Porch Digital Inc.'s (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:FPDI) media conversion technology and services in solutions offered to its customers, based on an agreement the two companies announced recently. FPDI, based in Cherry Hill, NJ, is known for its software-based technology and services that can convert - in a single capture - audio, video, text and images into formats that can be accessed, managed and distributed via any digital platform, making FPDI's technology more powerful and less expensive than conventional hardware-based technology. Using FPDI's technology, SAIC will be able to offer a cost-effective, one-stop solution for converting, indexing, archiving, and managing information, for customers who need to (1) update legacy information from out-of-date analog or digital systems to modern, digital platforms, and (2) record, store, and distribute new information on modern, digital platforms. FPDI expects the relationship to generate a significant increase in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues. "The agreement enables FPDI to quickly penetrate the lucrative commercial and government markets with our technology and services," said Jean Reiczyk, FPDI chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The agreement also enables us to quickly penetrate other sectors with the information conversion and migration services offered by our Enterprise Data Management Solutions operations, which we recently acquired from StorageTek (NYSE NYSE See: New York Stock Exchange : STK), and by our other strategic partners, ManagedStorage International and EMTEC EMTEC European Multimedia Technologies (formerly BASF Magnetics; as of 2002) Group." "Coupling FPDI's technology with our storage expertise for our customers will enhance service offerings to our clients," said Robert Young, SAIC group senior vice president for the global telecommunications group." |
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